FactSet Research Systems Inc. (NYSE:FDS) Shares Sold by Certuity LLC

Certuity LLC trimmed its stake in FactSet Research Systems Inc. (NYSE:FDS) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 878 shares of the business services provider’s stock after selling 58 shares during the quarter. Certuity LLC’s holdings in FactSet Research Systems were worth $422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in FactSet Research Systems in the 3rd quarter valued at about $38,909,000. Nordea Investment Management AB grew its holdings in shares of FactSet Research Systems by 21.0% during the fourth quarter. Nordea Investment Management AB now owns 340,494 shares of the business services provider’s stock worth $164,653,000 after buying an additional 59,173 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of FactSet Research Systems by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 493,350 shares of the business services provider’s stock valued at $226,867,000 after buying an additional 52,741 shares during the last quarter. State Street Corp lifted its stake in shares of FactSet Research Systems by 2.2% during the third quarter. State Street Corp now owns 1,932,376 shares of the business services provider’s stock valued at $888,603,000 after buying an additional 42,303 shares during the period. Finally, Boston Trust Walden Corp boosted its position in FactSet Research Systems by 9.3% during the third quarter. Boston Trust Walden Corp now owns 296,329 shares of the business services provider’s stock worth $136,267,000 after acquiring an additional 25,294 shares during the last quarter. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on FDS shares. Wells Fargo & Company cut their price target on FactSet Research Systems from $503.00 to $500.00 and set an “equal weight” rating for the company in a report on Tuesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $503.00 target price on shares of FactSet Research Systems in a research note on Friday, December 20th. BMO Capital Markets decreased their price target on FactSet Research Systems from $521.00 to $518.00 and set a “market perform” rating on the stock in a research note on Monday, December 23rd. UBS Group upped their price objective on shares of FactSet Research Systems from $485.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus raised their target price on shares of FactSet Research Systems from $469.00 to $493.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $453.23.

FactSet Research Systems Trading Down 0.0 %

Shares of FDS stock opened at $454.07 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. FactSet Research Systems Inc. has a fifty-two week low of $391.84 and a fifty-two week high of $499.87. The firm’s 50 day moving average price is $472.56 and its two-hundred day moving average price is $457.31. The stock has a market cap of $17.27 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 2.95 and a beta of 0.77.

FactSet Research Systems (NYSE:FDS) last posted its earnings results on Thursday, December 19th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.25 by $0.12. FactSet Research Systems had a net margin of 24.16% and a return on equity of 33.92%. The business had revenue of $568.70 million for the quarter, compared to analyst estimates of $565.14 million. During the same quarter in the previous year, the business posted $4.12 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts anticipate that FactSet Research Systems Inc. will post 17.21 EPS for the current year.

FactSet Research Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 28th will be given a $1.04 dividend. This represents a $4.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, February 28th. FactSet Research Systems’s payout ratio is 29.82%.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.